iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,870,000 shares, a growth of 218.1% from the February 28th total of 587,900 shares. Based on an average trading volume of 1,354,300 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

A number of large investors have recently modified their holdings of the business. AdvisorNet Financial Inc increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% during the 4th quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after purchasing an additional 208 shares during the last quarter. Ameriflex Group Inc. acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $38,000. Murphy & Mullick Capital Management Corp acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $49,000. Sunbelt Securities Inc. lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% in the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock valued at $68,000 after acquiring an additional 827 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% in the fourth quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock valued at $90,000 after acquiring an additional 400 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.0 %

NASDAQ USIG opened at $50.75 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $49.08 and a 12-month high of $52.94. The firm’s 50 day moving average is $50.77 and its 200-day moving average is $51.12.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.196 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares Broad USD Investment Grade Corporate Bond ETF

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.